Classically Connected Inc
- Assets
- $132.8k
- Revenue
- $616.3k
- Investments
- $0.0
- Employees
- 9
- Location
- New York, NY
- Founding
- 11/1974
- Data as of
- 06/2022
- EIN
- 13-6202532
Organization Overview
Classically Connected Inc is located in New York, NY. The organization was established in 1974. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2022, Classically Connected Inc employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Classically Connected Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Classically Connected Inc generated $616.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $846.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
CLASSICALLY CONNECTED, INC. ("CCI"), FORMERLY KNOWN AS SI-YO MUSIC SOCIETY FOUNDATION, INC., IS A NOT-FOR-PROFIT THAT AIMS TO CONNECT A GLOBAL COMMUNITY WITH CLASSICAL MUSIC BY CONSERVING, LOANING, AND PROMOTING EDUCATION ABOUT INSTRUMENTS; CCI ALSO PRESENTS OUTSTANDING MUSICIANS OF ALL AGES IN PERFORMANCES, MASTER CLASSES, AND EDUCATIONAL AND COMMUNITY OUTREACH PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SI-YO FINE INSTRUMENT CULTURAL AND EDUCATION CENTER (SY FICEC) IS DEDICATED TO THE CONSERVATION, PRESERVATION, EXHIBITION, AND USE OF THE WORLD'S FINEST STRINGED INSTRUMENTS.-GLOBAL REGISTRY OF FINE STRINGED INSTRUMENTS.-INSTRUMENT LENDING INITIATIVES TO CONNECT DESERVING ARTISTS WITH QUALITY INSTRUMENTS BY PAST AND LIVING LUTHIERS TO AUGMENT THEIR CRAFT.-BRANDING, PROMOTION AND PUBLICITY WILL BE INTEGRATED WITH ARTISTS.SI-YO FINE INSTRUMENT REGISTRY (SYFIR) A FREE PUBLIC REGISTRY OF FINE INSTRUMENTS TO BENEFIT WORLDWIDE MUSICAL, FINANCIAL AND EDUCATIONAL ENDEAVORS BY PROVIDING DEPENDABLE AND ACCESSIBLE INFORMATION ABOUT FINE INSTRUMENTS FOR MUSICIANS, INSTRUMENT MAKERS, INVESTORS, RESEARCHERS AND OTHER STAKEHOLDERS.
OUTREACH:CCI ARTISTS HAVE GIVEN PERFORMANCES IN NON-TRADITIONAL WAYS, INCLUDING TRAVELING TO SENIOR RESIDENCES TO PERFORM AND USING TELECONFERENCE DEVICES OR THE PHONE TO PERFORM REMOTELY. CCI MUSICAL PHONE PAL WAS THE PRIMARY MEANS FOR OUTREACH DURING THE 2020 PANDEMIC LOCKDOWN. IT BRINGS LIVE INTERACIVE PERFORMANCES TO NURSING HOMES AND SENIOR RESIDENCES TO ENSURE THAT EVEN THOSE IN ISOLATION CAN ENJOY THE PERFORMING ARTS. CCI ALSO CONTINUED ITS CCI DISTANCED BUT CONNECTED PROGRAM TO ENABLE CCI ARTISTS TO PERFORM TOGETHER REGARDLESS OF THEIR LOCATION CREATED DURING THE 2020 PANDEMIC QUARANTINE, CCI DBC IS A SERIES OF RECORDED PERFORMANCES THAT ARE EDITED TOGETHER TO CREATE A SINGLE GROUP PERFORMANCE.
CCI SUPPORTS CCI ARTISTS' ACTIVITIES BY SHARING THEIR NEWS IN AN ARTIST NEWSLETTER AND ON OUR SOCIAL MEDIA ACCOUNTS; OFFERING OPPORTUNITIES FOR THEM TO COLLABORATE ON LIVE OR RECORDED PROJECTS; AND OFFERING INSTRUMENT LOANS, GRANTS, AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Risa Rosenberg Secretary And Vice President | OfficerTrustee | 22 | $49,194 |
Rosaline Yin Trustee & Vice President | OfficerTrustee | 1 | $0 |
Dr Paolo Bodini Trustee | Trustee | 1 | $0 |
Yin Long Trustee & Interim Treasurer | OfficerTrustee | 1 | $0 |
Jiang Tian Trustee | Trustee | 1 | $0 |
Karen Neus Trustee & Chairwoman | Trustee | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,332 |
| All other contributions, gifts, grants, and similar amounts not included above | $560,363 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $615,695 |
| Total Program Service Revenue | $0 |
| Investment income | $570 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $616,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $339,423 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $47,752 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,605 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $334,225 |
| Advertising and promotion | $3,599 |
| Office expenses | $16,885 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $8,495 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $486 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,110 |
| Insurance | $11,061 |
| All other expenses | $0 |
| Total functional expenses | $846,856 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $74,879 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $24,679 |
| Investments—publicly traded securities | $31,888 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,360 |
| Total assets | $132,806 |
| Accounts payable and accrued expenses | $61,093 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $50,000 |
| Other liabilities | $0 |
| Total liabilities | $111,093 |
| Net assets without donor restrictions | -$667 |
| Net assets with donor restrictions | $22,380 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $132,806 |